SP GROUP PARTNERS WUHOU DISTRICT GOVERNMENT TO DEVELOP SMART ECO-DISTRICT IN CHENGDU

Chengdu, China and Singapore, 13 July 2021 – SP Group (SP) announced a partnership with People’s Government of Wuhou District, Chengdu, to transform the largest of five city centre districts in Chengdu, to a smart eco-district. Through this partnership, SP will deploy smart and sustainable energy solutions to accelerate the city’s urban renewal masterplan.

Wuhou is a mature government and civic district identified for revitalisation in Chengdu’s urban renewal masterplan. The masterplan aims to rejuvenate and transform existing buildings and districts into sustainable ecosystems that drive economic growth, innovation and cultural engagement for Chengdu.

At a signing ceremony witnessed by Ms Xiong Miao, Head of International Economic Trade Partnerships, Chengdu Commerce Bureau; Ms Lin Li, District Deputy Secretary and District Mayor, People’s Government of Wuhou District, Chengdu; and Ms Foo An Gie, Regional Group Director, West China, Enterprise Singapore, SP Group inked two Memorandums of Understanding (MOU) and was appointed the energy and building solutions partner for International Urban Design Centre (IUDC) in Wuhou, Chengdu.

Under the MOUs, SP will serve as the sustainable energy solutions partner to the district government with the objective of establishing the district as the benchmark for smart eco-districts in Chengdu. With an estimated rejuvenation pipeline of over 630,000 sqm (gross floor area) over the next five years, the collaboration will explore a wide range of solutions to help the city meet future infrastructural demands in a sustainable way. This includes developing and implementing technologies and digital solutions such as advanced data analytics and artificial intelligence tools to support the city’s roadmap to carbon neutrality.

In the first phase under the partnership, SP will design, build, own and operate an integrated energy solution that includes district cooling and heating system, smart metering, energy management and monitoring for IUDC over the next 25 years, at an estimated total contract value of 110 million (SGD). The solution will provide building owners with real-time insights on their energy and utilities usage data to help them optimise building performance, energy efficiency and comfort for endusers. IUDC consists of four existing buildings with an estimated gross floor area of 48,000 sqm.

Group Chief Executive Officer of SP Group, Mr Stanley Huang, said, “Chengdu is a key growth engine in southwestern China and an important hi-tech hub. We are excited to partner the Wuhou district government to create a sustainable, livable and vibrant city centre. Over time, the ability to ensure adaptive reuse of established buildings to meet new needs becomes critical. Leveraging our experience in Singapore and China, we will implement green energy technology and digital solutions to push the limits of buildings’ energy efficiency and performance standards.”

In China, SP Group invested, designed, and operates Raffles City Chongqing’s energy-efficient cooling and heating system since 2019 to deliver energy savings for the customer. SP also established a joint venture in August 2020 to develop district cooling, heating and integrated energy solutions that will help the China-Singapore Guangzhou Knowledge City (CSGKC) achieve energy savings and efficiency targets. SP Group currently has three offices in China (Guangzhou Chongqing and Chengdu), with its China headquarters located in Shanghai.